Description
The cyclic smoothed RSI indicator is an enhancement of the classic RSI, adding
- additional smoothing according to the market vibration,
- adaptive upper and lower bands according to the cyclic memory and
- using the current dominant cycle length as input for the indicator.
The cRSI is used as a standard indicator. The chart highlights trading signals where the signal line crosses above or below the adaptive lower/upper bands. It is much more responsive to market moves than the basic RSI.
My take
It looks very good to forecast seasonal bottoms/tops on a Daily charts
I tried it on commodities, Bitcoin, and Indices so far - I like the results
I basically scrolled-left a few months back and noticed the cross RSI/blue band were mostly accurate
TradingView Indicator URL
TradingView Script Cyclic RSI URL
